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Saturday, January 1, 2011

Bank of America Corp (BAC) Stock Analysis 1/1/11

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for January 1, 2011

Bank of America Corp. Support & Resistance Levels - 1/1/11

Resistance Levels: $13.49, $13.65

Support Levels: $13, $12.72
Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) bounced off the 10 day moving average on Friday. Bank of America has support around $12.50 now and should hold this level from here on out. Bank of America Corp has resistance at $13.65 as well as $14.05. Bank of America is most likely going to retest the 200 day moving average in the next few months. BAC stock is a strong buy below $12.

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